Tesla has denied reports it has begun searching for a replacement for its controversial chief executive Elon Musk.
The Wall Street Journal had reported the electric vehicle giant had been in contact with recruitment firms to launch a hunt for a new chief executive.
But this morning, Tesla released a statement branding the report "absolutely false", adding: "The board is highly confident in [Mr Musk's] ability to continue executing on the exciting growth plan ahead."
The BBC reports Tesla chair Robyn Denholm wrote on social media platform X, which is owned by Musk: "There was a media report erroneously claiming that the Tesla board had contacted recruitment firms to initiate a CEO search at the company.
"This is absolutely false (and this was communicated to the media before the report was published).
"The CEO of Tesla is Elon Musk."
FTSE 100
The UK's flagship share index, the FTSE 100, was up 14-points at 8,495 shortly after opening this morning.
Brent crude oil futures were down 0.67% trading at $60.63 a barrel.
Companies reporting today:
Amazon* - Q1 Results
Apple* - Q2 Results
Cameco* - Q1 Results
Eli Lilly and Co* - Q1 Results
Endeavour Mining - Q1 Results
Hiscox - Q1 Trading Statement
Lancashire Holdings - Q1 Trading Statement
London Stock Exchange Group* - Q1 Trading Statement
Lloyds Banking Group* - Q1 results
Mastercard* - Q1 Results
Morgan Sindall Group - Half Year Trading Statement
McDonald's* - Q1 Results
Persimmon* - Q1 Trading Statement
Whitbread* - Full Year Results